retains Brian Gilbertson as consultant to the Grou
Lonmin Plc -
NEWS RELEASE
14 May 2003
Lonmin Plc
ISIN CODE: GB0031192486
Lonmin retains Brian Gilbertson as consultant to the Group
The Board of Lonmin intends to re-examine the potential for developing Lonmin as
an international diversified mining company based on its robust foundation of
South African platinum group metals production. To this end the Board of Lonmin
is pleased to announce that it has retained Brian Gilbertson under a consultancy
agreement to provide advice to the Board on its future corporate development.
Brian will assist the Board to adapt to the new Black Economic Empowerment
requirements of the South African Government and to position Lonmin to enhance
shareholder value during the consequent far-reaching changes in the corporate
structure of the mining industry.
The agreement will be for an initial period of one year. Brian will provide
advice directly to the Board of Lonmin, working alongside Edward Haslam, Chief
Executive.
Mr Edward Haslam, Chief Executive of Lonmin, said:
"Brian"s long and successful experience in the resources industry generally, and
in the platinum mining business in particular, makes him uniquely well qualified
to assist the Board in determining and implementing the best strategy for
Lonmin. My team and I look forward to working with Brian."
Sir John Craven, Chairman of Lonmin, said:
"We are delighted to have secured the services of Brian Gilbertson, which will
enhance enormously the strategic options open to the Board in the development of
the Company"s future growth in shareholder value."
End
For further information:
Anthony Cardew/Jackie CardewChancery Tel: +44 (0)20 7930 0777
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Date: 14/05/2003 08:02:14 AM Supplied by www.sharenet.co.za
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